Euro (EUR)

The Euro hit the first target of 1.0225, while the market managed to rebound and close the downtrend resistance zone at 1.0370 ahead of US Inflation figures. As we see over the chart, prices still have a chance for another drop toward…
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GER 40 (DAX) seeks support The GER 40 (DAX) attempts to claw back the recent losses as prices bounce away from the 20000 level. A move above 20400 is the next target. However, a failure at this level would be a sign of exhaustion as…
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The Euro managed to keep holding below the resistance 1.0460 and last Friday met the target of 1.0225 and broke lower. We still expect a farther drop toward 1.0100 and toward 0.9905 could also have chance as the market looks towards the US…
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New Zealand dollar (NZD) breaks lower The New Zealand dollar (NZD) fell lower after breaking the immediate support at 0.5580. The pair hit resistance at 0.5680, and a continuation is indicative of strong follow-through selling. The…
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The Euro managed to keep holding below the resistance 1.0460 where the downtrend pressure is still ongoing with the target still re-testing the 1.0225 support. More of a drop could come toward 1.0100 and 1.0000, while the market looks…
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UKOIL rallies as stocks decline Oil prices continued the bullish sentiment as supplies from OPEC members tightened while oil stocks fell last week. An expansion in economic activity pointed to a consequent growth in oil demand, which…
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AUDUSD grinds support The Australian dollar (AUD) found some firm resistance as risk appetite remains volatile across all markets. The latest move higher towards 0.6300 met stiff selling pressure, and prices are at a major crossroads…
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FTSE (UK 100) holds onto gains The FTSE (UK 100) hits a slight consolidation as investors hold their breath ahead of US payrolls amid growing rate cut expectations. The index so far has held onto its gains after a tentative break above…
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The consensus is that EuroStat will report that inflation increased in the Euro Area during December when it releases its preliminary data on Tuesday. But, the consensus is also that the ECB is inclined to keep easing, potentially even more…
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British Pound managed to break below 1.2440 last week while failed so far to met target 1.2300 As we see over the chart market back to test downtrend resistances levels which laying at 1.2490 and 1.2540 As long as market keep holding…
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